This course is intended to familiarize students with fundamentals of the federal income tax laws with the primary emphasis on those affecting individuals. Emphasis is placed on gross income determination, adjustments to income, business expenses, itemized deductions, exemptions, capital gains/losses, depreciation, and tax credits. Upon completion of this course, students will be able to apply fundamentals of the federal income tax laws affecting the individual.
Prerequisites
BUS 241 with a minimum grade of C.